Moment Raises $22 Million to Revolutionize Payments Across Africa

A South African fintech startup, Moment, has announced a successful US$22 million Series A funding round. This investment will fuel the company’s mission to develop one of the continent’s most comprehensive payment infrastructure businesses.

The funding was led by AlphaCode Venture Partners with continued support from General Catalyst and MultiChoice, alongside new investment from Canal+. Moment offers enterprises a suite of tools for payment collection, revenue retention, and customer management across both digital and in-person channels.

What Moment Offers

• Recurring payments solutions
• Automated customer outreach
• Failed payment recovery systems
• Direct integration with enterprise billing platforms

This allows businesses like insurers and subscription services to streamline collections and reduce revenue leakage. The company’s approach addresses a significant pain point for African enterprises navigating complex payment landscapes.

Why This Matters

Moment aims to solve what many call the “hidden tax” on commerce in Africa – the inefficiencies that hinder growth and digital participation. By providing compliant, scalable payment solutions, Moment seeks to unlock greater financial inclusion across the continent.

“Africa’s payment complexity has long been a hidden tax on commerce,” said Dominique Collett of AlphaCode Venture Partners. “Moment is dismantling that barrier in a way we haven’t seen before, at continental scale.”

The company plans to use this funding to expand its network, enhance its platform capabilities, and accelerate growth across Africa’s diverse markets.